Keynesianism and the Collectivist Dream

It's campaign season, and as usual, Democrats are employing their class struggle rhetoric to position a redistributive government agenda as the only way Americans can be saved from themselves and the greedy capitalists who prey upon them. Accustomed though we may be, this might seem an odd campaign strategy in light of recent polls showing widespread distrust of, and even contempt for, the federal government.  But they have no choice but to keep their talking points emotional rather than substantive, you see.  The core economic model of the American left is Keynesianism, which is less a viable economic path than it is an unrealistic pipe dream that stirs the collectivist's blood, much like the notions of world peace and Utopia. Keynesianism is a model based upon how collectivists think the economy should operate, rather than how it actually operates.  As Ron Ross puts it, "Keynesianism is definitely not an evidence-based model of how the economy works.  So far as I...(Read Full Article)

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